Ethereum’s price has recently seen a fresh increase from the $3,350 support zone, showing signs of outperforming Bitcoin in certain aspects. This positive momentum might lead ETH to rise further towards the $3,650 resistance level. One of the significant developments in Ethereum’s price movement is the formation of a double-bottom pattern near the $3,350 mark.
Analysis
Aayush Jindal is a prominent figure in the world of financial markets, with a wealth of experience spanning over 15 years in Forex and cryptocurrency trading. His reputation as a trusted advisor and senior market expert has garnered him a following of investors worldwide, who rely on his keen insights and astute chart analysis to
FLOKI, a competitor to Shiba Inu, has been showing outstanding performance in the market this year. With its price more than doubling in 2024, it has attracted a significant amount of investment into the meme coin. However, amidst all the hype surrounding FLOKI, there are warnings of a potential price crash looming on the horizon.
Bitcoin price has been struggling to recover above key levels, as it extended its losses below $65,000. The cryptocurrency is showing bearish signs and there is a possibility that it might continue to move down below the $64,600 support level. The price is currently trading below $66,000 and the 100 hourly Simple Moving Average, indicating
Solana’s price has been struggling to clear the $150 and $155 resistance levels in order to initiate a steady increase. Currently, the price is hovering around $145 and is trading above the 100-hourly simple moving average. A bullish trend line is forming with support at $146 on the hourly chart of the SOL/USD pair. To
XRP price recently experienced a decent recovery wave, starting from the support level at $0.4600. The bulls managed to take a stand near this crucial level, leading to a significant upward movement. The price successfully reclaimed the 100-hourly Simple Moving Average and surged above $0.4850, indicating a potential for further gains in the near future.
Polkadot (DOT), a leading blockchain player, is currently facing a significant downturn, signaling a bearish trend. The cryptocurrency is witnessing a rapid decline, driven by a variety of factors such as market volatility, negative investor sentiment, and regulatory challenges. Investors are advised to prepare for further losses and reevaluate their investment strategies in response to
Dogecoin is currently facing bearish signals below the $0.150 resistance level in comparison to the US Dollar. This being the case, there is a possibility that the price could decline even further if it breaches the $0.140 support level. The price is on a downward trend and is currently trading below the $0.1450 level as
XRP price has failed to stay above the $0.4840 support zone and has instead seen a decline to test the $0.4750 support level. The price is now trading below $0.4880 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $0.4880, indicating a potential struggle for XRP/USD
In the midst of ongoing market volatility, XRP has recently shown signs of a temporary recovery. This comes after a period of sustained downward pressure, giving traders and investors a brief respite. However, it is important to note that this recovery is occurring within a broader context of fluctuating market conditions influenced by regulatory developments,